Shipping downturn forcing rivals to cooperate THE shipping downturn is forcing a 'reorientation' of the market that will have benefits for all players, said Noburu Ueda, chairman of the largest classification society ClassNK.
ICS slams market-based measures GOVERNMENTS have become more interested in raising money from shipping companies than they are in reducing the industry's greenhouse gas emissions when proposing 'market-based' solutions to climate change, said Simon Bennett, director of external relations at the International Chamber of Shipping (ICS), yesterday.
Cruise lines bosses defend safety records In their first major industry gathering since the deadly Costa Concordia accident, cruise line chief executives defended their overall safety record on Tuesday and said that they were confident of better days ahead.
Touax Rail obtaining Entity in charge of maintenance (ECM) certification The French service provider Touax Rail, which specializes in leasing and sales of railcars, has been awarded Entity in Charge of Maintenance (ECM) certification by Bureau Veritas. ...
Iata organizing World Air Cargo Symposium in Kuala Lumpur The International Air Transport Association (Iata) is holding its World Cargo Symposium in Kuala Lumpur (Malaysia) this week. The trade body advocates strong partnerships across th...
Bilbao handles more containers in 2011 The port of Bilbao (Spain) handled 31.7 million t in 2011, 5.7% less than the year before, due to declines in the dry and liquid bulk cargo handling sectors. Container traffic, ho...
German forwarders say no to accepting liability The German forwarding and logistics association (DSLV) has prepared a policy document that provides its members with arguments to help counter growing pressure from clients. The la...
Gefco extending its partnership with Dacia The French transport service provider Gefco has set up a multi-modal transport solution that combines rail and road transport for the car manufacturer Dacia. From the latter's plan...
Finnair Cargo traffic grows in February The Scandinavian carrier Finnair released its traffic performance for February. The cargo division reported that available tonne kilometres grew by 22% and reven...
Astral adds Mogadishu to its network The Kenyan cargo carrier Astral Aviation is starting a scheduled freighter service from Nairobi to Mogadishu (Somalia) today (14 March). A DC9 freighter with up to 15 t of capacity...
New general manager for Hutton's Hutton's, a UK ship supplier, has appointed David Greenwood as general manager to work at its new head office in Hull (England). Greenwood has been responsible for start-ups, growt...
RCL reports 2011 loss Regional Container Lines Group (RCL) reported a loss of THB 780 million in 2011, after taking into consideration the gain from sales of property in Q3/2011. In 2010 the shipping co...
IDS with top results in 2011 The partners of Germany's largest general cargo forwarding alliance IDS Logistik transported a total of 11.6 million shipments and generated a turnover of EUR 1.713 billion in fina...
SBB: board to have nine members again The board of the Swiss national railway SBB will once again comprise nine members, as prescribed in its regulations. After Christiane Brunner and Bernd Malmström step down from the...
Slightly weaker result for Logwin in 2011 Logwin, an international logistics service provider headquartered in Grevenmacher (Luxembourg), generated a turnover of EUR 1.335 billion in business year 2011. The result is almos...
Gebrüder Weiss achieves record turnover in 2011 The Austrian transport and logistics service provider Gebrüder Weiss reported that its 2011 turnover was 9.2% higher than that achieved in financial 2010 and provisional net sales ...
Seur posts higher revenue in 2011 The Spanish CEP and logistics company Seur reported 2% more turnover in 2011. The company said that it had seen good growth in international shipments, its logistics business and e...
Reborn in the USA? Shipping analysts question whether manufacturing can return to the States
VLCC spot market boosted by Chinese imports from Africa Strong rates gain in Atlantic markets supports earnings rise on Middle East-Asia route as well
Author defends findings of Made in America report Sirkin to examine prospects for Europe
Global Ship Lease share price declines after flat annual results But CMA CGM recovery bodes well for spin-off say experts
February box slump for Port of Los Angeles Import slowdown follows Chinese new year factory closures
Milford Haven takes stake in Marimatech UK publicly-owned trust port and key LNG hub buys 36% of maritime laser docking outfit that went into liquidation
Sanctions to slash Iranian crude exports by at least a third Shipments to EU states to halt in July
Union protests to hit supply chains Trade unions plan global action to halt 'concerted attacks' on New Zealand workers
Clippers, pirates and gasoil Conference shows that the more shipping changes, the more it stays the same
Counterparty showdowns shift chartering strategies Recent operator troubles show that even once-secure charterers can end in strife
BLT seeks Chapter 15 protection in US Embattled group seeks to shield 'most solvent' portion of business
Events conspire to undermine Allied steady growth Multiple factors have dented Greek operator's performance
LNG rates to rise this year on Angola cargoes Owners with open vessels set for rates rally after recent downturn
Sinopec raises stake in CMES Tanker operator completes private placement programme to expand fleet
Boxship rates still rising Owners optimistic as panamax interest picks up
Russian oil taxes threaten North European aframax markets Measures clamp down on crude exports
Peene-Werft yard to stop building ships Parent company wants to shift focus of construction work
US import boost expected in March National Retail Foundation forecasts 10% growth
Record year ahead for Chinese oil tanker trade January product demand hits seven-month peak
Who will Iranian sanctions hurt most? It is a real concern that the insurance ban may not end up crippling its intended recipient
Japanese owners most exposed to Sanko European and Singapore-based owners at risk too
EU demands international regulation for armed guards on board ships Diplomatic row continues over Kerala killings
Eidesvik and DNV launch hybrid battery power trials Viking Lady loads 10 tons of batteries for fuel-saving tests
Chembulk promises BLT counterparties 'business as usual' Jakarta parent pledges to seek similar orders in other jurisdictions
Restructuring blues You can only kick the can so far before you run out of road
Human error sends supply chain insurance claims soaring TT Club director says many of mutual's $120m claims could have been avoided
Scorpio Tankers charters in MR trio Latest move in line with product tanker specialist's recent philosophy
US urges gun transport easing Submitting to pirate ransom demands only ensures that future crews will be taken hostage
SITC navigates smoothly through 2011 China container operator and logistics provider holds its own on the intra-Asia trades
US hedge fund wins Dubai Drydocks default claim Ruling deals a blow to $2.2bn debt restructuring
Chembulk assures counterparties FOLLOWING Chapter 15 filings by multiple BLT vessel-owning entities, a company executive underscored today that BLT's Chembulk subsidiaries are not in bankruptcy
Pacific rate hike sought BOX carriers serving the trans-pacific recommended a further $300/feu rate increase today to counter losses
Crew defended in fatal Indian casualty A BULKER'S owner has defended the ship's crew as Indian police continued to piece together what took place in the vessel's fatal collision with a fishing boat
ICS: China's no safety net CHINA'S growth can no longer be relied upon to blow shipping out of its economic doldrums, the Asia Pacific Maritime conference was warned today in Singapore
BLT files Chapter 15 BERLIAN Laju Tanker is seeking Chapter 15 bankruptcy protection to shield its assets from US arrest, newly filed court documents confirmed
Salvors focus on grounded ship's bunkers SALVORS are preparing to start pumping bunkers off a German-owned box ship that ran aground on Norway's West Coast late on 9 March
Drydocks World loses MONARCH Alternative Capital, a hedge fund, has reportedly won a $71.6M n legal claim against Dubai's Drydocks World for defaulting on a loan
Tanker's crew saved ALL 18 crew members are safe and unharmed today after their tanker carrying acid sank off China, safety authorities said
Golden Ocean selling Knightsbridge shares KNIGHTSBRIDGE Tankers has reportedly priced 2.4M shares being sold by Golden Ocean, the listed drybulk shipping group in John Fredriksen's empire
Bulker congestion falls again SNARLS in drybulk ports have dropped for a fourth straight week as day-delays in coal ports dropped by 15.7%
Novorossiysk plans to spend big RUSSIA'S largest publicly listed port company NCSP has unveiled a plan to spend up to $1.1Bn on expansion up to 2020
VLCC ballasters enticed HIGHER VLCC freight rates for voyages from West Africa are tempting ballasters from Asia, said brokers
Senate Transport Bill Includes HMT Language The Senate-passed transportation bill gave advocates for more dredging funds good news on Wednesday. The bill included a...
DHL to Spend $47 Million to Expand US Hub DHL said the $47 million expansion of its U.S. hub at the Cincinnati/Northern Kentucky airport will provide parcel customers...
Global Ship Lease Posts $10.9 Million Profit Global Ship Lease boosted fourth quarter 2011 profit to $10.9 million from $1.2 million a year ago as the NYSE-listed...
Analyst Lars Jensen on Emergence of Megaships (Video) SeaIntel Maritime Analysis CEO Lars Jensen says the deployment of megaships brings advantages of economies of scale and environmental benefits,...
Panama Canal Authority Names New Administrator The Panama Canal Authority's Board of Directors appointed Jorge Luis Quijano, the engineer in charge of building the canal's new...
Senate Approves Highway Bill The Senate on Wednesday overwhelmingly passed a transportation bill that would provide $109 billion over two years for highway programs,...
Imports Fall, Exports Rise at Port of Los Angeles Containerized imports at the Port of Los Angeles in February declined 7.8 percent from February 2011 as the nation's largest...
ILA's Daggett, USMX's Capo Discuss Labor Relations (Podcast) Harold Daggett, president of the International Longshoremen Association, and James Capo, chair and CEO of the United States Maritime Alliance, sit...
Carriers to Raise Pacific Rates Again in April Confident that a previously announced general rate increase of $300 per 40-foot container unit will take effect on Thursday as...
NJ, NY Lawmakers to Address Port Tolls State legislators from both sides of the Hudson River will hold a joint hearing in April to examine what they...
European Imports Fell 5.2 Percent in January European austerity measures in January pulled containerized imports down 5.2 percent year-over-year, the steepest decline since 2009, according to published...
Panalpina, CEVA Begin LCL Services in Developing Markets Panalpina and CEVA Logistics have launched new less-than-containerload services, tapping into strong customer demand in fast growing trade lanes in...
Cheese Maker Charged for Shipping 'Tainted' Product A New Jersey cheese maker is charged with shipping "tainted product" purchased from a Pennsylvania trucker also charged with violating...
Saudia Cargo, NSCSA Sign Freight Deal Saudia Cargo has signed an exclusive deal to provide express freight services to the National Shipping Company of Saudi Arabia...
Eastbound Trans-Pacific Rates Jump 13.6 Percent Average trans-Pacific spot rates jumped this week as the 15 carrier members of the Transpacific Stabilization Agreement raised rates by...
Cathay Pacific's 2011 Profit Tumbled This year will be even tougher for airlines than 2011 because of economic instability, high jet fuel prices and weak...
Kuehne + Nagel Opens Trucking Hub in Vienna Kuehne + Nagel have inaugurated a trucking hub in Vienna to drive growth of the Swiss logistics company's overland groupage...
CSAV Lost $1.24 Billion in 2011 Chilean carrier CSAV lost $1.24 billion last year, including $959 million on continuing operations, but said its deficit narrowed during...
OOCL to Raise Rates From Asia to Australia OOCL has extended its round of global freight rate increases to include southbound services on the North and East Asia...
Zim to Hike Rates on India-Europe Trades Zim Integrated Shipping Services will raise its rates on services between the Indian subcontinent and North Europe, starting April 1....
Hapag-Lloyd to Launch Middle East Express Service Hapag-Lloyd will launch a container service connecting Far East Asia, the Indian subcontinent and the Middle East, starting in early...
Hamburg Sud raises Santa-Class ships' capacity Hamburg Sud [HS] has followed Maersk Line and decided to increase the capacity of its last remaining 7,100TEU Santa-class ships on order at Daewoo Shipbuilding ...
Spain votes to strike The main Spanish unions have voted for a general strike on March 29 in protest at the government's proposals to reform the nation's labour laws which would make ...
Kalmar introduces its SmartPower RTG Kalmar, which is an operating unit of the Finland-based Cargotec group, has developed a new rubber-tyred yard gantry crane which with its smaller engines will use ...
ICTSI to operate Lekki Container Terminal in Nigeria Nigeria-based Lekki Port LFTZ Enterprise (LPLE) and Manila-headquartered International Container Terminal Services, Inc. (ICTSI) have signed a memorandum of understanding ...
HPH's TERCAT Barcelona gets eight new cranes By this weekend four more super post-panamax quay cranes will have been delivered at Hutchison Port Holdings Group [HPH] Terminal Catalunya [TERCAT], Muelle Prat ...
KPA says snarl ups caused by South Sudan traffic Gichiri Ndua, the managing director of Kenya Ports Authority [KPA], has now blamed recent congestion at the port on seasonal holidays and a boom in import traffic ...
China: yuan to float more freely That was the message from premier, Wen Jiabao, on the last day of the National People's Congress; the change of stance possibly reflecting the nation's recent import ...
CIFFA calls for 'fairer' cost system for Canadian customs exams One of the biggest issues for Canadian shippers is container customs examinations according to the Canadian International Freight Forwarders' Association (CIFFA) ...
Evergreen goes back to Trieste Further details on changes to Evergreen's UAM service between Asia and the Mediterranean have emerged. Instead of starting in April, it will commence in May at ...
Maersk Tankers evaluates claims about technologies Company focuses on efficiency as an increasing number of customers choose companies with strong sustainable profile
Crude stable on Saudi supply guarantees 'Saudi Arabia and others remain poised to make good any shortfall, perceived or real, in crude oil supply.'
Asia fuel oil contracts hit three year high 'Demand volumes are not coming in. On a delivered basis, Malaysia may be cheaper at the moment,' says bunker source.
Rotterdam prices approaching all time high Markets continue to firm.
Bunker prices firming in Middle East 'Mediocre' bunker demand in Fujairah.
Tanker gives supplier 'stronger foothold' Gazprom Neft Marine Bunker 'has a 30% share of the marine fuel market in the north-west of Russia.'
Jiskoot Technology Centre opens in UK Company expects 'improved lead times to meet customers' demands.'
Gasnor sets sights on LNG bunker station in strategic ECA port Expects to sell LNG at prices that will be competitive with using HFO and scrubbers.
Shipping industry urged to collaborate, innovate Finding ways to reduce costs of implementing new regulations important challenge for the industry in the future, says ClassNK Chairman and President.
Mid-week bunker prices largely down at Asian bunker hubs Demand for bunker fuels generally low.
Still 'business as usual' at Sanko Steamship Firm continues to pay necessary costs for fuel, ship crews, says spokesman.
Environmental group raises questions about Algeciras terminal Environmental Safety Group says Gibraltar should know the risks.
Outlook for Asian cruise and offshore industries 'generally positive' Rising prices of bunkers are prompting vessel owners to seek efficiency gains, says Wilhelmsen spokesman.
Sinopec Fuel Oil starts bunkering operations at Lanshan port Rizhao branch of Sinopec Fuel Oil Sales has sold 880 mt of 380 cSt grade at Lanshan port.
Japan bunker sales volumes to improve in March Japanese bunker sales expected to range between 320,000 to 330,000 mt in March, traders say.
Box carriers see improved margins on spot rate recovery Sharp recovery on freight rates has lifted operating margin above breakeven level on the spot market, says Alphaliner.
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